FIRC - Payouts to India

A Foreign Inward Remittance Certificate (FIRC) is an essential document issued by banks in India for beneficiaries who receive money inwards from abroad. FIRCs are commonly required for various purposes such as proving the receipt of foreign remittances for business transactions, import-export activities, or for compliance with tax regulations. The document contains details such as the sender's name, amount remitted, purpose of remittance, and other relevant information.

To receive FIRC for a payout, set the firc_required field to true in the bank object inside the beneficiary object.